OANDA:USDZAR   U.S. Dollar / South African Rand
Hello Traders

The last bottom can be the end of the running flat and if it's so, we'll get a quite big up impulse. As you can see, we have a broken trendline and divergence at the bottom. I think in the worst case scenario, it will make a big correction for more downside, but in this case, we'll have time to move SL to BE so we won't lose any money. My minimum target is 15.20 which means the breaking of the last top, but I think it will go up and make a new all-time high (17.32000). I placed a pending order above the last top and I'm in the trade now. Placing an entry order above the last top can be a good idea.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
so you got stopped out?
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lost
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@lentus, yes.
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